Maintaining Tax Exemption

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Overview

1.5 Credits
ONLINE

In this CPE course, you will learn about the organizational and operational requirements to establish and maintain tax exemption. Through real world examples, you will understand the more important areas where tax-exemption can be threatened. Also discussed are activities and transactions that NFPs should limit or avoid to protect their tax-exempt status

Objectives

  • Distinguish between organizational and operational requirements for charitable and other exempt organizations
  • Determine important areas where tax-exemption can be threatened
  • Identify situations that could result in IRS revocation of an organization's tax-exempt status

Major Topics

  • Establishing and protecting tax exemption
  • Tools to verify tax exemption
  • Protecting tax exemption
  • Organizational and operational issues
  • Recordkeeping and substantiation
  • Uncertain tax positions
  • Lobbying and political activities
  • Private inurement and benefit
  • Excess benefit transactions
  • Reasonable compensation
  • Excise taxes and penalties
  • Revocation of exempt status

Designed For

CPAs, financial professionals and NFP staff and board members looking to deepen their existing knowledge of NFP financial responsibility, and set themselves apart as a leader in this field
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